BINARY OPTIONS SCAMS PART 2

Can I trade Binary Options on AUTOPILOT? Are autopilot softwares scams in binary options?-These questions usually arise in the mind of a Binary Options trader,especially newbies.Let me highlight some issues here to help you to make your decisions as a trader.

HERE ARE WHAT I DON'T LIKE ABOUT AUTOPILOT TRADING

1)Autopilot trading system developers use the term 'GUARANTEED' when marketing their systems .In Binary Options there is nothing which can guarantee you success ,nothing is guaranteed even a book written by a Binary options trading guru does not guarantee you success but only minimises risk.There is nothing guaranteed in Binary Options trading.

2)The developers of the systems are usually affiliated with the brokers!-here is my point -Binary Options brokers want to profit ,those who developed the systems want to profit also, moreso they receive commissions from the brokers-so the question which arise is; WHO IS PROVIDING THE MONEY FOR THEM ALL? -a simple logical answer is YOU


3)They claim a certain percentage accuracy rate for their systems -Binary Options are unpredictable ,you can be successful today but that does not mean the same happens tomorrow.Their statements are misleading especially for a newbie-success rate may not be the same for all days,prices may go in you direction one day but may go against you the next day

4)Too much claims on profits gained -They show high figures to persuade a newbie and those who are desperate to invest their money.They can even claim that you can earn those high profits for the rest of your life!- misleading statements .Binary options can be profitable but expect any result from your trade- good trading is expecting anything to happen.A trader may not profit those figures daily

5)The systems were designed mainly to promote affiliate business,most of the individuals involved are affiliates!The systems are for free to a trader and what they benefit are the commissions when you invest.This is good for them that they can attract more people to invest under them but the risk of trading using their systems remains on trader.I think the effort was put to promote Internet Marketing not Binary Options trading

6)The systems mainly base on few strategies -more technical ,which I think a trader who understand trading better can do better on manual trading

HERE ARE WHAT I LIKE ABOUT AUTOPILOT TRADING

1)You can trade on autopilot !-the systems trade even when you are away and even when you are sleeping .Trading can be stressful and requires more research -you are saved on this load

2)The systems are for free for traders -what they benefit is a commission from the brokers

3)Some may be luck and have success with these systems since Binary Options can be based on luck -but not more on luck


Traders I recommend to gain knowledge first before trading ,either you want to trade manually or on autopilot .Binary Options trading is business ,you are an enterprenuer ,turn your knowledge in cash!

HAPPY TRADING